Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Update

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 94,787 shares, a growth of 47.4% from the February 12th total of 64,304 shares. Based on an average trading volume of 100,287 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 100,287 shares, the short-interest ratio is currently 0.9 days.

Fidelity MSCI Industrials Index ETF Stock Down 0.6%

Shares of NYSEARCA:FIDU traded down $0.49 during midday trading on Friday, reaching $87.80. 95,827 shares of the company traded hands, compared to its average volume of 145,736. The firm’s fifty day moving average price is $90.82 and its two-hundred day moving average price is $84.94. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a 12 month low of $59.16 and a 12 month high of $95.82.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC boosted its position in shares of Fidelity MSCI Industrials Index ETF by 2.8% in the fourth quarter. Pathway Financial Advisers LLC now owns 4,397 shares of the company’s stock valued at $363,000 after acquiring an additional 119 shares during the period. Fortitude Advisory Group L.L.C. increased its holdings in Fidelity MSCI Industrials Index ETF by 4.0% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 3,247 shares of the company’s stock worth $268,000 after acquiring an additional 124 shares during the period. PNC Financial Services Group Inc. increased its holdings in Fidelity MSCI Industrials Index ETF by 51.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after acquiring an additional 128 shares during the period. Mcrae Capital Management Inc. lifted its stake in Fidelity MSCI Industrials Index ETF by 2.9% in the 3rd quarter. Mcrae Capital Management Inc. now owns 5,272 shares of the company’s stock worth $432,000 after purchasing an additional 149 shares in the last quarter. Finally, Primoris Wealth Advisors LLC lifted its stake in Fidelity MSCI Industrials Index ETF by 2.0% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 7,629 shares of the company’s stock worth $625,000 after purchasing an additional 150 shares in the last quarter.

About Fidelity MSCI Industrials Index ETF

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.